If a Candle on either daily or the 4-Hr Time Frame can close above the Support line, and also on the other side of the thick red Trend line, then, prepare for a leg up. We are still waiting for the right time to buy. One major determining factor is the upcoming FOMC meeting. If interest rate rises from there and the Fed signals even more rate hikes, then, it is...
AUD/CAD finally reached the support line (coming from our SELL call earlier on), and may be getting ready to start coming back up. If the daily support is steady, we will be looking at buying AUD/CAD at around 9028. Our Stop Loss will be around 8968. A candle on the 4-hr chart at the least must close fully above the Support line before we can BUY. Good luck fb...
Data coming out of Europe and also the technical set-up seems to support the next rise in EUR/GBP. We are entering at 8367 and Stop Loss at 8327. Good luck FB@ForexGoldOil
If the Trend line is broken and price closes above it, then, expect EUR/USD to rise. It may actually be a break-out for EUR/USD since USD data from US is not really supporting immediate interest rate rise. Good luck FB@ForexGoldandOil
EUR/GBP is coming up to some support level on the daily chart. Though, data from EU is not necessarily strong but issues and uncertainties with UK's economy too is not helping the GBP. We will be looking at entry around 8340 if support holds on 4-hr chart. and SL will 8310. Good luck FB @ForexGoldandOil
GBP/AUD is coming to a resistance area on the daily chart. If this holds on all TF, then, SELL. We are entering a SELL position at 18885. Stop Loss at 18945. FB @ForexGoldandOil
Big blue tend line needs to be breached upwards before LONG trade can be confirmed, If condition not satisfied, price comes back down when it touches the trend line
If the blue line is broken with a candle close to the downside, EUR/GBP could drop like a bomb
Pair seems bottomming out and if sustained, should rally from here. Good luck
As long as the price stays above 6863, the pair is a BUY
As long as the support at 1.2082 is not broken downwards, this pair remains a BUY. Strategy is simple. Only go in the direction of the higher time frame. In this case, the daily time frame is looking like BUY bias. So, the best is to wait for the shorter time frame until it present a BUY opportunity. Patience is a virtue in Forex and not many traders possess...
BUY signal as long as the price stays above the thick blue line. We are LONG at 11285. SL AT 70 PIPS
We are LONG at 14402 with SL at 40 pips. No candle should close below the thick blue line. Otherwise, the market changes direction.
If price does not break the blue line, we will keep going up. We rae LONG already from 10489
If we are closed above both red lines and above the blue, I think we have our confirmation to go LONG on Cable for around 50 pips may be. But Cable could be very tricky today
Heading towards the red lines. We are already LONG. If we cross below the blue, we are going down. Otherwise, we continue UP. Dreaming that we touch the two reds shortly
We close below red, we go down to test the green and probably come back up because long term interest view in the US is to raise rate. We close below green, we are doomed for downward until we find another support. Otherwise, we go UP to test the blue. That is our play medium term on UJ. We are LONG with SL below the blue line.